RCBC supports Red Planet expansion with P1.5B loan
Three new hotels will rise in Metro Manila following this new credit line.
The Rizal Commercial Banking Corporation (RCBC) has signed a new loan agreement with Red Planet Hotels to the tune of P1.5 billion, an amount to be used to finish three new hotels within Metro Manila.
RCBC and Red Planet have been long-term partners, it appears, with the bank disclosing that they have funded the construction of a total of six outlets of this hotel chain.
Now that’s a solid deal!